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31 JULY 15
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MARKET GOSSIPS
S
FOURTH UMPIRE
Market gains on July F&O expiry;
Nifty settled above 8400.
Logistics stocks like Gati gains as
govt clears tax amendment bill.
ITC net up 3.6% at Rs 2265 crore;
Revenue drag by 7%.
Cipla gains as partner (Sandoz) get
S
nod for key generic.
Dr Reddy's gains after reported
better than expected Q1 numbers.
STAR reported more than double
profit in Q1 stood at Rs 42 crore.
MARKET POSITIONS
INDEX
VALUE
Markets opened gap up and rallied
in the first half with support of
Realty and Power stocks and strong
gains were also supported by
positive global cues post FOMC
meet which left the rates
unchanged and no hint was given
for the coming meeting as well ;
finally indices settled the July series
on positive note. Nifty future was
able to close around the resistance
of 8420 and now Aug series may
face the important resistance of
8500 while 8400 may act as support.
TREND: SIDEWAYS
SUPPORT : 8430 & 8380
RESISTANCE: 8500 & 8550